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Alphabot MT5

There are expert advisors. We call them bots.


And this is Alphabot.


Alphabot for MetaTrader4 is here: https://www.mql5.com/en/market/product/41549


Every trade has fixed Stop Loss and Take Profit. 


NO Martingale / Grid involved.


Alphabot is designed for ForEx currency pairs only. It was   NOT checked on Shares / Stocks / Metals / CFDs etc.


Pairs recommendations

  1. The smaller the spread, the better.
  2. No Exotics.
  3. No pairs with spread bigger than 1/3 of Take Profit or Stop Loss.

Time Frame recommendations

Time Frame of the chart does not matter for real life execution. 

Use M1 for backtesting in strategy tester, because it guarantees the best ticks simulation quality. 


Lot size recommendations

There might be multiple orders at the same time on every pair.

Every trade is managed individually. This is NOT a grid. You can always limit Max number of trades in Alphabot inputs. 

One signal => One trade.

Total lots opened can be up to (Max Number Of Trades) * (LotSize) * (Pairs Number). Select the Lot size and Pairs number to be sure that you have enough margin to open this number of lots.


Alphabot is NOT broker sensitive, so you can select any broker you trust to. 


LIMITATIONS: Alphabot is designed for hedging accounts only. Please, do not use it on netting accounts.


Future Development

I am planning to further develop this project using my own ideas and valuable inputs / feedback from the users. Please, do let me know if you have some comments or requests which can help make Alphabot even better. I am listening.


About me

I am a professional developer with 7+ years of MQL programming experience and 1000+ performed job orders as a freelancer.

Now my full time job is to create professional solutions for traders.


Shark
100
Shark 2019.09.08 04:30 
 

Still exploring and searching for the best setups, but already can give solid 5 stars for support from the author. Keep it up!

UPD (20.09.2018) Using it for 2 weeks, performing pretty good :). Very soon Alphabot will pay for itself.

バージョン 4.1 2019.11.03
* Improved entry algo. The best parts from v.1.1 and 3.1 combined together
バージョン 3.1 2019.10.13
* Improved entry signals. Less but better trades.
バージョン 2.1 2019.09.29
* Entry signals improved
* Added Day filters. Now users can disable opening of new trades during certain days
* Added Time filters. Now users can set up to 2 allowed trading time windows. If none of them is enabled, trading is allowed during all times
バージョン 1.4 2019.09.18
* Trades comment field is made adjustable from EA inputs. You can set it to any value or set to blank
バージョン 1.3 2019.09.15
* Code optimisation and refactoring
バージョン 1.2 2019.09.05
* Changed default parameters